CNBC reports that many colleges are no longer allowing student loans. Does that mean free school? No. First, there are family contributions, scholarships, and even work-study programs. After that, the colleges give grants that don’t need to be repaid.
Many of the schools have a household income cap for this program and the program won’t stop families from borrowing to pay their part of the costs. However, schools are moving away from student loans, which have caused so much heartbreak.
These are mostly premier schools, so the student needs to work to have excellent grades. The first step is always getting in. However, the idea is to allow lower- and moderate-income families to have their children go to college.
Look around before you jump at the first college offering you student loans. Those loans are a trap. For other ideas on avoiding those loans, look at my book, “Say No! To College Debt.”
Thanks for reading. And please pass this on to anyone you know who could use it. And may God bless your efforts to achieve financial freedom as it leads to spiritual freedom.
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